The Importance of Managing Cash Flow

Managing cash flow is an important aspect of business operations, and can be a particularly tricky and vital one for a small business owner. MyBusiness Magazine, a publication of the National Federation of Independent Business (NFIB), discusses the topic in their May/June 2013 edition, with the help of some input from NDH partner Josh Harris. While there are many components to tracking cash on hand and managing the day-to-day cash levels in a business, Josh notes that one area that is often overlooked is expense management: a small business owner should be aware of the benefit a company is actually getting for every dollar out the door and verify that expenses, even recurring ones, are actually necessary.